House Edge - page 5. | Bitcointalksearch.org

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Quote from: dimonstration on April 15, 2024, 09:25:18 AM

Quote from: Natsuu on April 11, 2024, 08:27:42 PM

That is why the true luck of the house or the casino itself is not an individual bet. But all of the bets cumulatively, with all the sample size of bets. Over the series of wins and losses over the gambler, the casino always wins. The casino always have the advantage, but still the gambler can outsmart this by knowing when to stop and not to take risk. By being content of their wins and not give it back to the casino. You may not beat the casino, but you may earn money and not lose it.

You can’t consider it as outsmarting because you can’t break the inevitable loss in the long run by just knowing when to stop because you didn’t have profit at all. You can consider it as safety measure or minimizing risk but not an outsmarting move because casino always knew that gamblers will never know how to stop on most cases.

The only to outsmart casino is involving on bets that gives +EV like arbitrage betting or other strategy that will give guarantee positive profit which casino doesn’t allowed. Cheesy

First thing to do is to accept the fact that when you are gambling there is the possibility of either losing at any time and for that it important to only gamble with what you can afford to lose, many ot the times it important to note all this things so as to play safe while in the casinos because many times you may likely lose to the house since the games are configured to favor the house all the time.

Also note that if the house edge is 2% vs 1% then means you have a variation in terms of what you achieve while at the casinos.

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Quote from: Natsuu on April 11, 2024, 08:27:42 PM

That is why the true luck of the house or the casino itself is not an individual bet. But all of the bets cumulatively, with all the sample size of bets. Over the series of wins and losses over the gambler, the casino always wins. The casino always have the advantage, but still the gambler can outsmart this by knowing when to stop and not to take risk. By being content of their wins and not give it back to the casino. You may not beat the casino, but you may earn money and not lose it.

You can’t consider it as outsmarting because you can’t break the inevitable loss in the long run by just knowing when to stop because you didn’t have profit at all. You can consider it as safety measure or minimizing risk but not an outsmarting move because casino always knew that gamblers will never know how to stop on most cases.

The only to outsmart casino is involving on bets that gives +EV like arbitrage betting or other strategy that will give guarantee positive profit which casino doesn’t allowed. Cheesy

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Quote from: wiss19 on April 11, 2024, 11:10:53 AM

Quote from: Lida93 on April 04, 2024, 12:55:51 AM

Explanations about the edge variations has been made in the preceding replies, but I care to ask a simple question about all of this. Do gamblers who have made use of the games from these platforms experience a glaringly variable effects in that 1% edge difference to a large extend on their rate of wins or the edge difference is a sheer strategic attraction for more users on one side than the other.

What I believe is that whatever edge is given to us gamblers by casinos as the edge they hold to their advantage let the remainder which we are said to have on our side actually reflect in the amount of times gamblers earn wins those games from the casino in contrast to the times losses are made. What do we think about this?

At the end of the day, there is still what we call a bad luck apart from the good luck. So, no matter what variables are there that we see in our screen displays, I'm very sorry to tell that we can still lose it all. As a player I don't focus on the house edge, therefore it is not an attraction for me but it's an advantage for a casino to have a lot of good features.

That is why the true luck of the house or the casino itself is not an individual bet. But all of the bets cumulatively, with all the sample size of bets. Over the series of wins and losses over the gambler, the casino always wins. The casino always have the advantage, but still the gambler can outsmart this by knowing when to stop and not to take risk. By being content of their wins and not give it back to the casino. You may not beat the casino, but you may earn money and not lose it.

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Quote from: ricasw on April 03, 2024, 01:57:00 PM

Both Stake and BCH.games have popular games such as Mines, Tower, Crash, and Target (notably referred to as Limbo on Stake). Stake's platform indicates a house edge of 1% for these games, whereas BCH.games lists a house edge of 2%.

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

No particular source other than the fact that this is how they want their games to be played if I could remember correctly, it's called house edge for a reason anyway, and they could easily make their players play their games the way they wanted it to be played. Monetary requirements is a possibility though, although for Stake I don't really think it solely stems from that, not that I would know anything about how they internally operate and manage their games in the first place lol.

As for how their games are played because of the variance, it's the frog on a pot setup, since the RTP is practically 50%, players are expected to continuously play until they lose all their money in the casino, if it were to be a little cutthroat, players would notice it right away and might shy away from playing in the casino in question, so in reality, the trick is to make them feel as common or normal as possible so as to not rouse suspicion and put the players in a false sense of security while they think the casino they are playing is operating within fair or "slightly" fair parameters.

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Quote from: wiss19 on April 11, 2024, 11:10:53 AM

True gamblers or those who are playing for the profit will notice the difference of a small house edge from the larger ones and as long as they are playing on a legit casino because some shady casinos can only display numbers while the truth is they are still manipulating their games.

At the end of the day, there is still what we call a bad luck apart from the good luck. So, no matter what variables are there that we see in our screen displays, I'm very sorry to tell that we can still lose it all. As a player I don't focus on the house edge, therefore it is not an attraction for me but it's an advantage for a casino to have a lot of good features.

There’s no way to determine the house edge difference by just observing your game because it requires the overall game summary for that specific game to determine the house so it’s really impossible to notice it unless you place a huge volume of bet to get a very good sample size for house edge.

That’s why playing on trusted casino is a must so that you can assure that the house edge they displayed is legit because there’s no way to verify it manually using your bets.

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Quote from: Lida93 on April 04, 2024, 12:55:51 AM

Explanations about the edge variations has been made in the preceding replies, but I care to ask a simple question about all of this. Do gamblers who have made use of the games from these platforms experience a glaringly variable effects in that 1% edge difference to a large extend on their rate of wins or the edge difference is a sheer strategic attraction for more users on one side than the other.

What I believe is that whatever edge is given to us gamblers by casinos as the edge they hold to their advantage let the remainder which we are said to have on our side actually reflect in the amount of times gamblers earn wins those games from the casino in contrast to the times losses are made. What do we think about this?

True gamblers or those who are playing for the profit will notice the difference of a small house edge from the larger ones and as long as they are playing on a legit casino because some shady casinos can only display numbers while the truth is they are still manipulating their games.

At the end of the day, there is still what we call a bad luck apart from the good luck. So, no matter what variables are there that we see in our screen displays, I'm very sorry to tell that we can still lose it all. As a player I don't focus on the house edge, therefore it is not an attraction for me but it's an advantage for a casino to have a lot of good features.

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Quote from: danadc on April 08, 2024, 10:55:38 AM

Ah, this is interesting because 2% increases more every time you bet, I think 2% is high, right? Because in most casinos the house Advantage is 1% and that is enough for the player to lose , I think that the casinos that are more reliable have that advantage, right? 2% is like for casinos that are just starting out and they do it so that they can have a good influence and not go Bankrupt at first, that is like a security measure, that in the end one understands why it is a company that is starting up, but they should still be 1% because as a player I go to the casino where I have more Opportunities to win, regardless of whether it is a new Casino, all Players have this type of thinking, Because no one likes to lose money.

House edge is based on the RTP of the game of the game you will just need to subtract the RTP to 100% to get the house edge of the game meaning in able to determine it you will need to get to the total win and total wager for the game. The house edge is just a theoretical percentage which you can’t apply immediately on a single bet.

In most cases, 2% is not that high because slot games usually have 4% or more depending on the provider set RTP while you can’t even notice the difficulty to win because you will need tons of spin in able to feel the RTP.

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Quote from: khaled0111 on April 05, 2024, 05:16:29 PM

Quote from: Mr. Magkaisa on April 05, 2024, 03:15:18 AM

Is that 2% deducted by the house edge from all casino players for every bet they make with a game provider? So does this mean that, win or lose,
the house always has a cut on everything a gambler bets?

No, the casino does not get 2% from each bet placed. However, on the long run ((after many many bets), the house edge which is the advantage the casino has over the player ensures that the casino will be in profit by near 2% from the total wagered amount.
Meaning, after one or few bets, the casino might be in profit or at loss but after too many bets the casino will most likely get 2% (or whatever the He is) from the total amount you have wagered.

Ah, this is interesting because 2% increases more every time you bet, I think 2% is high, right? Because in most casinos the house Advantage is 1% and that is enough for the player to lose , I think that the casinos that are more reliable have that advantage, right? 2% is like for casinos that are just starting out and they do it so that they can have a good influence and not go Bankrupt at first, that is like a security measure, that in the end one understands why it is a company that is starting up, but they should still be 1% because as a player I go to the casino where I have more Opportunities to win, regardless of whether it is a new Casino, all Players have this type of thinking, Because no one likes to lose money.

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Quote from: Mr. Magkaisa on April 08, 2024, 01:35:48 AM

- So that means this might be one of the reasons why many gamblers always lose, right? because if they don't do it, then no casinos will really survive without these marketing strategies.
At least I'm getting an idea of how casinos make a profit.

All I know is that the house edge always wins because I think they always have control over every game that a player chooses as a gambler, gamblers and they only choose the winners, right?

This is correct, House edge makes the casino guarantee profit against players on every bet that players make. The more players get the more the profit from the casino from house edge.

Aside from the house edge, the human error and greed are factors that makes players lose all the time because casino has huge bankroll while players has limited bankroll that can’t withstand a long losing streak or when he becomes greedy and bet huge amount. The only way to beat a casino is to have a bankroll greater than them which is impossible to do because they are heavily loaded. Cheesy

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Quote from: ?? on ??

You are the expert so there is no explanation for you. Go and select any game from BCH.Games and win. And the last time when I played slot games in one of the hotel I visited, for your information I won the game even though house edge is a casino centric games. I don't know why you guys are just like this. even players are winning like that in house edge games, yet some players still win, though players winning is rare.

Look, to avoid drama I'm going to delete the neutral tag, but in this reply you again prove that you have no fucking idea what you're talking about. The House Edge has nothing to do with you winning or losing in a session.

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Quote from: 3kpk3 on April 07, 2024, 11:55:35 PM

Quote from: EarnOnVictor on April 07, 2024, 03:11:00 PM

First, BCH.games seems to be spreading more rapidly on the gambling section of the forum lately and I suspect that you guys are stylishly doing this, which is evident by using new accounts just for the purpose. Why not come straightforwardly, this forum accommodates all.

It's hilarious seeing some of you completely change the name of BC.Game to BCH.games adding h and s and making it seem like BitcoinCash.games which is just weird if y'all think about it.

Also, I don't think anyone is trying to indirectly advertise BC.Game here because they are doing well in this forum lately and don't need to go to such lengths. Think!

Next time, perhaps you need to visit that bed or allow that intoxicant to wear off before you reply, rather than running your mouth and showing too-know in a manner that makes you look so gross.

For your information, no one is talking about BC.Game but BCH.games, they are two different casinos. Careless people like you will be so bold to reply to what you do not know anything about even without doing a single research to ascertain the fact whether it's what you know or not.

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Quote from: Beparanf on April 07, 2024, 12:27:31 PM

Quote from: ?? on ??

If you calculate your mathematics very well then you can win the 2x in the BCH.Games. But mainly that should be permitted by the owners of the house and not the gambler. Yes you need to roll the required number t win the game. And if only you have the luck. Now they have you the percentage so it is for you now to roll in to the required %. And one thing you have to know that house edge game is purely mathematical. So you have to plan and calculate well before rolling.

This is wrong, we are only talking about house edge of 1% difference so it’s not an easy x2 difference since this percentage is not even noticeable on every game. There’s no guarantee that you will win x2 by having a 1% house edge advantage over the other casino. That’s not house edge work and it requires millions or more bets before you experience the effect of the 1% difference on house edge.

Most of the time you will not gonna notice because it doesn’t take effect immediately. Also this is house edge which means a percentage which casino getting on your total bets. I think better words is you will lose less by playing on BCH.games

- So that means this might be one of the reasons why many gamblers always lose, right? because if they don't do it, then no casinos will really survive without these marketing strategies.
At least I'm getting an idea of how casinos make a profit.

All I know is that the house edge always wins because I think they always have control over every game that a player chooses as a gambler, gamblers and they only choose the winners, right?

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Quote from: Beparanf on April 07, 2024, 12:27:31 PM

Quote from: ?? on ??

If you calculate your mathematics very well then you can win the 2x in the BCH.Games. But mainly that should be permitted by the owners of the house and not the gambler. Yes you need to roll the required number t win the game. And if only you have the luck. Now they have you the percentage so it is for you now to roll in to the required %. And one thing you have to know that house edge game is purely mathematical. So you have to plan and calculate well before rolling.

This is wrong, we are only talking about house edge of 1% difference so it’s not an easy x2 difference since this percentage is not even noticeable on every game. There’s no guarantee that you will win x2 by having a 1% house edge advantage over the other casino. That’s not house edge work and it requires millions or more bets before you experience the effect of the 1% difference on house edge.

It seems to me that the person you quote is a clear case of people who write here without having any idea about gambling.

What calculations do you do to win in BCH.games, Agbe? Let's see if you can enlighten us, because when I play slots or roulette, no matter what calculations I do, I can't beat the HE.

Quote from: carlfebz2 on April 07, 2024, 06:33:18 PM

There are people who cant really be able to know on what HE is, they do thinking up that this is some sort of winning chance or similar to this without even trying out to realize that this is really indeed the money which the casino is really taking from you <... >So it would really be that a matter of whether you are really that lucky in overall...

Yes, you didn't express yourself very well, but it seems to me that his is a case of thinking he can somehow 'beat' HE, when he doesn't understand what it is.

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Quote from: EarnOnVictor on April 07, 2024, 03:11:00 PM

First, BCH.games seems to be spreading more rapidly on the gambling section of the forum lately and I suspect that you guys are stylishly doing this, which is evident by using new accounts just for the purpose. Why not come straightforwardly, this forum accommodates all.

It's hilarious seeing some of you completely change the name of BC.Game to BCH.games adding h and s and making it seem like BitcoinCash.games which is just weird if y'all think about it.

Also, I don't think anyone is trying to indirectly advertise BC.Game here because they are doing well in this forum lately and don't need to go to such lengths. Think!

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Quote from: Beparanf on April 07, 2024, 12:27:31 PM

Quote from: ?? on ??

If you calculate your mathematics very well then you can win the 2x in the BCH.Games. But mainly that should be permitted by the owners of the house and not the gambler. Yes you need to roll the required number t win the game. And if only you have the luck. Now they have you the percentage so it is for you now to roll in to the required %. And one thing you have to know that house edge game is purely mathematical. So you have to plan and calculate well before rolling.

This is wrong, we are only talking about house edge of 1% difference so it’s not an easy x2 difference since this percentage is not even noticeable on every game. There’s no guarantee that you will win x2 by having a 1% house edge advantage over the other casino. That’s not house edge work and it requires millions or more bets before you experience the effect of the 1% difference on house edge.

Most of the time you will not gonna notice because it doesn’t take effect immediately. Also this is house edge which means a percentage which casino getting on your total bets. I think better words is you will lose less by playing on BCH.games

There are people who cant really be able to know on what HE is, they do thinking up that this is some sort of winning chance or similar to this without even trying out to realize that this is really indeed the money which the casino is really taking from you. You would really be able to definitely feel up on how much you do lost on the time that you've seen on how much you have overall wagered but if your winnings is something which is way more than on what you have lost then for sure you wont really be able to feel up the difference. So it would really be that a matter of whether you are really that lucky in overall
because those HE deductions would really be that easily patched up. Just like been said this would really be felt up on long duration type of gambling where those house edge will really be something
that you could be able to feel.

EarnOnVictor

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First, BCH.games seems to be spreading more rapidly on the gambling section of the forum lately and I suspect that you guys are stylishly doing this, which is evident by using new accounts just for the purpose. Why not come straightforwardly, this forum accommodates all.

For I see nothing so serious about this question except for this recent advanced advertisement style where a well-known name like Stake.com would be used to compare the targetted company (lesser ones). The 1% and 2% house edge are always simple arithmetics, and it is all about what the house wants for them and their customers, so why so much concern about what is obvious?

I also hope the provably fair is truly fair over there.

Beparanf

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Quote from: ?? on ??

If you calculate your mathematics very well then you can win the 2x in the BCH.Games. But mainly that should be permitted by the owners of the house and not the gambler. Yes you need to roll the required number t win the game. And if only you have the luck. Now they have you the percentage so it is for you now to roll in to the required %. And one thing you have to know that house edge game is purely mathematical. So you have to plan and calculate well before rolling.

This is wrong, we are only talking about house edge of 1% difference so it’s not an easy x2 difference since this percentage is not even noticeable on every game. There’s no guarantee that you will win x2 by having a 1% house edge advantage over the other casino. That’s not house edge work and it requires millions or more bets before you experience the effect of the 1% difference on house edge.

Most of the time you will not gonna notice because it doesn’t take effect immediately. Also this is house edge which means a percentage which casino getting on your total bets. I think better words is you will lose less by playing on BCH.games

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Quote from: ricasw on April 03, 2024, 01:57:00 PM

Both Stake and BCH.games have popular games such as Mines, Tower, Crash, and Target (notably referred to as Limbo on Stake). Stake's platform indicates a house edge of 1% for these games, whereas BCH.games lists a house edge of 2%.

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

House Edge gives casinos an advantage over you. 1% house edge means that casino has a mathematical (1%) advantage over you and casino is a guaranteed winner for long-term. 2% house edge simply means that it has more advantage over you and long-term casino with 2% house edge will collect more profits than casino with 1% house edge.
If you want to have fun and long-lasting gambling experience, it's better to choose casino with the lowest house edge. 1% is the standard and you'll rarely find any casino with lower house edge.

Mines, Towers, Crash, etc... You should manually check their house edge on casino or contact their support.

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Quote from: Poker Player on April 06, 2024, 11:47:58 PM

Quote from: Haunebu on April 06, 2024, 10:11:52 AM

It's pretty simple op. Casinos like Stake are giving players a greater chance of winning while sites like BC.Game are giving players a lower chance of winning.

Well, I would say that's a consequence of traffic. A casino that has a much higher traffic and revenue can offer a lower HE, or a higher RTP if you prefer, and still make good profits. That way, by offering a higher RTP, it attracts more customers and the snowball gets bigger.

Valid point and aside from this. Stake is the most active casino on developing and promoting their original games.

They always release new original games while they have a consistent weekly challenge for their original games. They get more profit when players choose to play their original games because they don’t pay commission to 3rd party game providers. Stake probably wants to users play more on original games than the 3rd party games that’s why they lower their house edge aside from the competition with other casino original games.

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Quote from: ricasw on April 03, 2024, 01:57:00 PM

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

Provably fair and House Edge are not the same thing. Provably fair means that they site is not rigging the rolls and you can verify the games to be fair on your own. House edge is the casino's odds advantage over the players' odds.

A site which is provably fair does not necessarily need to be a low edge game. These are two different things.

Quote

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

Every game has a different house edge. Calculate that before you start playing, that should remove your confusion here.

Topic: House Edge - page 5. (Read 1318 times)